If you are having difficulty viewing this email, visit http://www.oxfordprinceton.com/newsletter/April_07.html
  • A Bias Worth Sharing
  • See You In Sydney
  • Course Debuts In
    The Big Apple
  • Thank You IPPSA Attendees
  • Welcome New Faculty
  • Relax For Rewards
  • Spotlight Series
  • Limited Seats Available
  • Global Course Offering
  • Electric Power: Chicago
  • GasFair: Toronto
  • GasMart: Chicago
  • Editor's Note
My job is to be biased about the diverse, worldwide offerings by The Oxford Princeton Programme. But I'll be even more so with my time two weeks ago in Oxford where I attended Understanding the International Petrochemicals Business - Technology, Markets and Economics (CH0).

As a former consumer goods marketing professional working for a pharmaceutical company, I've had to deal with global packaging and technology process issues. But only now have I gained a full appreciation, understanding and respect for the chemistry that goes into operating such businesses and realize how this knowledge could have influenced my decision-making in significant ways. Moreover, I've developed a perspective on the composition of regions' olefins, aromatics and alkane markets whose reach is far and wide.

The course director had an adept command of his subject matter and threw in some fascinating factoids and show-and-tell. My co-delegates from varied functions represented some of the leading chemical, shipping, energy, and financial entities with impressive pedigrees and histories that brought to life just about every topic discussed in class. Opportunities to socialize were aplenty as we had meals together and even time for a walking tour of rainy Oxford and a round at a pub. Yes, I learned a great deal, built a new network of acquaintances, and had fun. Call me biased.

Best regards,
Jobert Abueva
Global Marketing Manager
jabueva@oxfordprinceton.com

CH0 will be offered three more times this year in Johannesburg (14-16 May), Oxford again (29-31 October) and now, Chicago (8-10 October). For more details, click here.
Principles of International
Oil Trading

9-12 May 2007

Singapore

This course covers the basic principles of international oil trading, and the allied fields of supply, transportation and refining. Through the medium of a case study, delegates will address day to day problems, and will understand the relevant commercial driving forces in this area. Delegates are awarded 32 CPE credits for this course.

International Oil Trading - Advanced Techniques and Strategic Price Risk Management

14-16 May 2007

Singapore

This course covers the advanced trading techniques applicable to the management of price risk in international oil trading. Through a variety of case studies, delegates will learn the techniques involved in trading and how to address day-to-day problems of managing the price risk associated the role of producer, refinery or consumer with an integrated trading position. Delegates are awarded 24 CPE credits for this course.

International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes
16-18 May 2007
Singapore

This course covers areas of dispute that may arise in the performance of international shipping and trading contracts. Using a mixture of current practice supported by legal interpretation and precedent, delegates will learn to avoid many of the pitfalls that may occur. Real case studies and exercises will provide hands-on experience to enable delegates to draft, interpret and operate oil trading contracts to minimise the risk of dispute.

Tanker Ownership, Chartering and Operations
21-25 May 2007
Oxford

This basic course covers the crude oil, petroleum products, chemicals and gas transportation sectors, this course also examines the important economic, financial, contractual, environmental and legislative issues when evaluating contract options, chartering and investment strategies, logistics and operating tactics. Delegates are awarded 8 CPE Credits per day.
The Oxford Princeton Programme goes Down Under! Fundamentals of Energy Options, Fundamentals of Energy Futures, and Energy Risk Management are three of our most sought after offerings worldwide. These seminars arrive into the Australian market this July.

For more information on these or any other global course offerings, please click here.
We are pleased to present the North American debut of International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes to be held April 29 - May 1 in New York City. Given the comprehensive nature of this educational event, it is open to a limited number of participants.

Real case studies and exercises enable delegates to draft, interpret and operate oil trading contracts to minimise the risk of dispute.
For more information on this, or any of our worldwide offerings, please click here.

[Please note: This course is also being offered in Singapore on 16-18 May.]
For a complete course schedule, visit www.oxfordprinceton.com

New York, NY

16 May: Understanding Emissions Trading
17 - 18 May: Energy Risk Management
30 May - 1 June: International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes
4 June: Overview of the Petroleum Industry
5 - 6 June: Overview of Physical Crude Oil Trading and Operations
7 - 8 June: Fundamentals of Petroleum Refining - A Non-Technical Introduction

Washington, DC

24 April: Fundamentals of Energy Futures
25 April: Options I - Fundamentals of Energy Options
26 - 27 April: Energy Risk Management

Houston, TX

25 - 27 April: LPG Trading and Pricing - Shipping, Contracts and Price Risk Management
1 May: Overview of the North American Natural Gas Industry
2 May: North American Natural Gas Transportation and Storage
3 May: Overview of the North American Electric Power Industry
22 - 24 May: Oil Trading Orientation
13 - 15 June: Tanker Ownership, Chartering and Operations
18 - 20 June: Tanker Ownership and Chartering - Advanced Strategies and Risk Management

Calgary, AB

17 - 18 April: Overview of Physical Crude Oil Trading and Operations
19 - 20 April: Fundamentals of Petroleum Refining - A Non-Technical Introduction
8 May: Options I - Fundamentals of Energy Options
9 May: Options II - Options Pricing and Applications
10 May: Options III - Option Strategies

Toronto, ON

19 June: Fundamentals of Energy Futures
20 June: Options I - Fundamentals of Energy Options
21 June: Options II - Options Pricing and Applications
22 June: Options III - Option Strategies

Singapore

9 - 12 May: Principles of International Oil Trading
14 - 16 May: International Oil Trading - Advanced Techniques and Strategic Price Risk Management
16 - 18 May: International Oil Trading - A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes
18 - 19 June: Energy Risk Management
20 - 21 June: Fundamentals of Technical Analysis

Rio de Janeiro, Brazil

11 - 14 June: Global LNG - The Complete Supply Chain

Johannesburg, South Africa

14 - 16 May: Understanding the International Petrochemicals Business - Technology, Markets and Economics

London, UK

16 - 17 April: Fundamentals of Technical Analysis
18 April: Front to Back Office: Trading Controls and Best Practices
19 April: Value-at-Risk: The Basics and Beyond

Oxford, UK

16 - 20 April: International Oil Trading and Pricing
16 - 18 April: The Olefins Business - Markets and Economics
14 - 18 May: Global LNG - The Complete Supply Chain
21 - 25 May: Tanker Ownership, Chartering and Operations
21 - 25 May: The Gas Chain Concept - Industry Structure, Economics, and Pricing
4 - 8 June: International Gas Contracts - Commercial Factors and Negotiations
11 - 15 June: The Use of Advanced Instruments in International Oil Price Risk Management
11 - 15 June: Gas Pipeline Economics and Engineering - Crucial Factors to Successful Pipeline Projects
18 - 22 June: Understanding A Liberalised Gas Business - Markets, Open Access and Regulatory Impacts
25 - 29 June: Natural Gas Sales and Marketing in a Competitive Environment
25 - 29 June: International Oil Supply, Transportation, Refining and Trading

Amsterdam, The Netherlands

24 April: Petrochemical Terminology - A Non-Technical Overview

Rijswijk, The Netherlands

7 - 11 May: Refinery and Supply Economics

Mention the code NL0407 when registering 60 calendar days or more prior to the course date and receive 10% off the course fee. After the 60 days, mention the code and you'll receive 5% off the course fee (cannot be combined with any other discount from The Oxford Princeton Programme).

On March 11-13, 2007, two members of our team made their way to Banff for the 13th Annual Independent Power Producers Society of Alberta (IPPSA) Conference and Trade Show.

With Jane Goddard, Senior Account Executive, and Liz Esten, Marketing Coordinator, in attendance, we were given the opportunity to learn more about this growing market. Alberta has added 4000MW of new capacity since 1999, allowing for the city to meet and exceed its 4% average annual load growth. Alberta is one of the fastest growing loads in North America and is home to Canada's largest green power industry.

We were fortunate to speak with many of you and better understand your training needs. Set to the background of the Canadian Rockies (see picture below), the conference proved a success. Thank you to everyone who stopped by!

For more information on all upcoming global events, please click here.
With course offerings expanding, so too is our staff. The Oxford Princeton Programme is pleased to welcome the following to our faculty:

Dr. Carlos Blanco is an expert in energy, commodity, and financial risk management and modeling. He is featured in this month's Spotlight Series. Please scroll down to view his interview or click here.

Joseph A. Vaszily is currently President of Gas Asset Solutions, Northeast, an independent energy consultancy. Delegates will have the opportunity to learn from his 25 years of in which he developed, acquired and managed energy infrastructure assets.

Mr. Vaszily will lecture on a variety of natural gas, LNG, and electricity topics.

To learn more about these lecturers or any of our staff, worldwide, please click here.
And now for a little R&R! Take a moment out of your stressful work schedule to stimulate your mind and win a chance to train with us.

One lucky winner will be drawn at random from all correct entries to win a web-based training voucher prize good for any one of our courses. It's a perfect chance to see how easy and enjoyable learning complex topics can be, right at your own desk or wherever you please.

Simply unscramble each of the words or sets of words and using the highlighted letters, form the mystery word.
Enter here!
To view all available web-training courses, click here.
Our Spotlight Series is an opportunity to hear firsthand from our global team. This month we feature Carlos Blanco, the newest member of our renowned faculty.
Dr. Carlos Blanco
Faculty/Lecturer
Derivatives Pricing, Hedging and Risk Management (TPD)
July 2007/Singapore
Dr. Carlos Blanco is an expert in energy, commodity, and financial risk management and modeling. He lectures extensively on topics related to enterprise wide risk management, energy derivatives pricing and hedging and other risk topics. Dr. Blanco has published over 90 articles on financial, energy, and commodity risk management and modeling, and more recently on ERM topics.

What can delegates look forward to in your course?

First, a supportive, constructive, and high-pace learning environment. One of my main objectives is for delegates to gain a considerable amount of practical knowledge that they can apply when they can promptly apply when they go back to work after the seminar. The knowledge transfer comes in two ways. On one side we have lectures, case studies, hands-on exercises, etc. On the other hand, we have an informal, and possibly more important, learning process in which course delegates share their experience and apply their skills throughout the seminar and also in group exercises. I try to keep courses as enjoyable as possible, even for technical subject matters such as energy derivatives pricing and hedging. After 10 years conducting risk and derivatives workshops, I have never had anyone falling asleep (even after a heavy lunch).

How do you like to present your subject matter?

Our courses are highly interactive, and we encourage delegate participation and group discussions. Emphasis on "learning by doing" is applied throughout the course. Listening to someone talk for two days in a row is a very different experience than spending two days in an environments were true knowledge transfer takes place. I have learnt from experience that hands-on exercises and case studies are a necessary component to the learning transfer process, particularly for complex topics such as derivatives pricing models and risk measurement models for energy and commodities.

What are your career/professional highlights?

My highlight is probably starting a risk advisory firm three years ago with great colleagues with complementary skills. I also enjoyed being part of a great team of professionals at Financial Engineering Associates, where I was part of the management team and VP, Risk Solutions for over 6 years. I was actively involved with various aspects of the development of energy derivatives pricing and risk models from inception to marketing and support of those models. We learnt a lot working with 18 of the 20 largest energy and commodity derivatives players and made sure that our product development was driven by our changing client needs. Teaching a Risk Management course with two colleagues at the University of California, Berkeley is also a great accomplishment.

What are some of the greatest challenges facing the energy sector?

The energy sector has gone through a period of rapid changes worldwide. The growing role of financial institutions and hedge funds has forced traditional energy firms to become much more savvy in terms of trading and optimizing the optionality embedded in various physical assets such as power plants, pipelines, refineries and storage facilities. Those firms that do not develop the skills to respond to market volatility and extract the maximum value for shareholders will eventually taken over by the more sophisticated ones.

How do you like to spend your free time?

After spending 10 years in the San Francisco Bay Area, I currently live in Madrid, with my wife and two children. Javier, 4, and Elena, 2, are currently my hobby/full time job. I also enjoy playing basketball, tennis and going to the movies, although recently, I have not had much extra time to enjoy any of them.
Booklet now available for download containing our course offerings for the second half of 2007.

To download now, click here.
Join us at the 16th Annual North American Natural Gas & Power Markets Conference & Trade Show to be held 1-2 May 2007 at the Sheraton Centre in Toronto, Canada.

Ms. Jane Goddard, Senior Account Executive, and Mr. Davide Perrone, Account Executive, will be present at Booth #10 to discuss training options including a schedule of instructor-led courses coming to Canada. Sign-up for our raffle giveaways..

For more information on the conference and trade show, click here.
Join us at the Electric Power Expo to be held 1-3 May 2007, at the Donald E. Stephens Convention Center in Chicago, Illinois.

Mr. Chris Maxwell, Sales Manager, and Ms. Elizabeth Esten, Marketing Coordinator, will be present at Booth #429 to familiarize attendees with the multidimensional training options available. Sign-up for our raffle giveaways.

For more information on the conference and trade show, click here.
Join us at GasMart 2007 to be held 9-11 May 2007, at the Hyatt Regency McCormick Place Hotel in Chicago, Illinois.

Mr. Jobert Abueva, Global Marketing Manager, and other representatives will be present at Booth #211 to introduce new training options and discuss current courses proving successful in this growing market. Sign-up for our raffle giveaways.

For more information on the conference and trade show, click here.
Have you ever heard the expression "March comes in like a lion and goes out like a lamb?" It's the idiom that speaks to the change in weather from winter into spring.

Well, here at The Oxford Princeton Programme, that expression couldn't be farther from the truth. With Quarter I behind us, we find ourselves with newly added course dates and locations, as well as brand new faculty in an attempt to meet your most immediate training needs that are "sprouting up." In response, we will continue to plant the seeds for growth all season long.

Please don't hesitate to share your feedback with us! We look forward to seeing you in the classroom, in-house, or on the web.

Liz Esten
Editor
lesten@oxfordprinceton.com


Wisdom is not a product of schooling but of the lifelong attempt to acquire it.
-Albert Einstein
UNSUBSCRIBE: If you would rather not receive email updates in the future, please email us at: unsubscribe@oxfordprinceton.com

DISCLAIMER: You are receiving this email as a past delegate or contact of The Oxford Princeton Programme. DO NOT REPLY TO THIS EMAIL. This email account is not actively monitored. For information regarding our courses, please email info@oxfordprinceton.com.

The Oxford Princeton Programme, Inc. is not affiliated with Princeton University, Oxford University, or Oxford University Press.

© Copyright 2007

www.oxfordprinceton.com

US: 609 520 9099 l UK: +44 1865 250521 l Singapore: +65 6415 3111
info@oxfordprinceton.com